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02-03-2003, 07:45 PM
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#1 | |
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AF Newbie
Join Date: Feb 2003
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Should I buy then sell?
Hello all. I have the opportunity to buy my company vehicle, a 2001 Ford Taurus SES w/60k for $6400. I am thinking of buying it and trying to resell it for for a profit. Kelly Blue Book puts a private sale at $8900. I think if I could get $7500-$8000 I might consider. Biggest problem I see is whether I could turn this car around in a fairly small town in a reasonable amount of time. (160,000 people) Thoughts?
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02-03-2003, 08:16 PM
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#2 | |
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Funding the welfare state
 
Join Date: Feb 2001
Location: Petoskey, Michigan
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I wouldn't suggest buying the car to try and make a profit. Its wont be worth the time investment you'll have to put into it.
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02-11-2003, 05:57 AM
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#3 | |
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AF Regular
Join Date: Dec 2002
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KBB is pretty bad with their geusses on car values. so id average the 2 top private party values. those taurus' gennerally resell fairly well. id reccomend putting it on ebay.
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02-16-2003, 11:25 PM
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#4 | |
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AF Fanatic
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not a bad idea.. but there might be some legal aspects to it..
i'm sure no one will care but i've seen people get bugged by the irs for it.. but yeah good plan it'll sell well |
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